Coca-Cola's Financial Data for 2023:

Income Statement Data:

• Revenue: $37,266,000
• Cost of Goods Sold: $14,569,000
• Selling, General and Administrative: $11,243,000
• Research and Development: $1,234,000
• Interest Expense: $1,867,000
• Tax Rate: 22%

Requirements:

1. Prepare the Income Statement for Coca-Cola for 2023.
2. Calculate the Gross Profit.
3. Determine the Operating Income.
4. Calculate the Net Income after taxes.
5. Evaluate Coca-Cola's profit margin ratio.